Bangkok: The Social Security Office (SSO) has provided clarification on its investment in the TU Dome Residential Complex real estate leasehold fund, known as 'TU-PF'.
According to Thai News Agency, the TU-PF is a unit trust listed on the Stock Exchange of Thailand (SET), in which the SSO invested back in 2006 as part of its Social Security Fund investment plan. This investment was subject to thorough review in accordance with the SSO's investment regulations and procedures.
The TU-PF fund is focused on investing in the 30-year leasehold rights to the TU Dome Residential Complex project at Thammasat University. The complex includes a 10-story apartment building, three 9-story dormitory buildings, and a plaza area. The fund is managed by UOB Asset Management, while Thammasat University Property Management Office and Thonglor Management Co., Ltd. act as property managers.
Investments in the TU-PF mutual fund are made in the form of unit trusts, with an initial investment of 800 million baht initiated at the end of 2006. To date, the fund has returned 159 million baht. However, the market value has experienced significant fluctuations due to increased competition and a steady influx of new supply from the private sector.
For the fiscal year 2025, the project reported occupancy rates of 89% for dormitories, 80% for apartments, and 55% for the plaza, marking an improvement over the previous year. The project generated operating profit, leading to a repayment of 8 million baht to the office. Looking ahead to 2026, the project is optimistic about increasing repayments through refined tenant acquisition strategies and marketing plans.
Currently, the SSO has invested a total of 30,319 million baht in domestic real estate funds and has received dividends totaling over 18,636 million baht since the start of its investment. For the fiscal year 2025 alone, it has received 1,847 million baht in dividends, equating to a 6.09% return. The SSO's investments in real estate are long-term strategies aimed at generating returns through dividends and asset appreciation, with a diversified portfolio across various asset classes to mitigate risk and ensure stable returns for the Social Security Fund. This approach enables the continued provision of benefits to insured persons over the long term.
Source: Thai News Agency